v$sql - executions vs loads vs invalidations

I am currently working on a system that is experiencing frequent
ORA-04031 errors. Investigation found that they have a LOT of SQL with
literal values and while I suggested that they fix the code to use bind
variables I meantime set CURSOR_SHARING=FORCE in an attempt to avoid
these errors. This had virtually no effect and while further
investigating I found a number of rows in v$sql with that were
similar to this:
LOADS: 2794
INVALIDATIONS: 2793
EXECUTIONS: 0
How I read this is that this statement was loaded 2794 times,
invalidated 2793 but never executed, but I think this opinion may stem
from my ignorance. This is one of hundreds of such statements.